Impact of Economic Inflation for US Liability Insurance Claims
US liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%
An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy. Insurance is a financial agreement between you and your insurer. You have to pay a fixed premium.
Health, Life, Homeowner, and car insurance are the most popular types of claims.
An insurance claim is a request to the insurance company for payment after a policyholder experiences a loss covered by their policy. For example, if a home is damaged by a fire and the homeowner has insurance, they will file a claim to begin the process of the insurance company paying for the repairs.
In this section, we have collected the most current articles and reviews on the topic of the Insurance Claims.